Core Viewpoint - The company, Tianyouwei, specializes in the research, design, production, and sales of automotive instruments and is expanding into the smart cockpit sector, with a focus on high-margin products and international market growth [1][2][3] Group 1: Company Overview - Tianyouwei was officially listed on the Shanghai Stock Exchange on April 24 this year [1] - The company primarily engages in the development and production of electronic combination instruments, full LCD combination instruments, dual-screen instruments, and other automotive electronic products [1] - The company has established a strong customer base, including well-known domestic and international automotive manufacturers such as Hyundai Motor Group, BYD, Changan Automobile, and others [1] Group 2: Product Development and Customization - The company customizes products based on client needs, with development cycles typically ranging from 6 to 24 months depending on the vehicle model and verification processes [2] - The company has seen an increase in overseas revenue share from 47.06% in 2022 to 53.60% in 2024, indicating a strategic push towards global market expansion [2] Group 3: Competitive Advantages - The company’s proprietary composite screen technology combines segment code screens with TFT color screens, allowing for high-resolution displays at lower costs, which supports product premium pricing [3] - The focus on high-margin products such as full LCD combination instruments and dual-screen instruments is driven by their technical complexity and alignment with the growing demand for smart electric vehicles [3] - The company benefits from strong self-manufacturing capabilities and lower operational costs compared to industry peers, contributing to its competitive edge [3]
天有为：汽车智能化发展趋势下 带动汽车内屏幕用量提升